, that is, that corruption leads to a higher rate of inflation and/or higher seigniorage, will be tested for a cross … welfare through their decisions. Yet, cases of central bank corruption abound. The dissertation provides examples of ?pure …? corruption in central banks. Only a few studies address corruption and similar, but not necessarily criminal, behavior of central …

growth. Here corruption takes three forms: (i) it reduces the tax revenue raised from households, (ii) it inflates the volume … corruption impacts upon growth, and the conditions under which the direction of the effect takes shape. The findings from our … corruption on economic growth offered in the literature. …

The article analyzes the public spending of inflation and the reasons for its permanence. It is noted that inflation … that accompanying product of inflation as a complex phenomenon is massive and uncontrolled distribution of national income … and public wealth: Inflation is directly reflected on the real income of households and firms and causes the distribution …

This paper examines the causal links between productivity growth and two price series given by domestic inflation and … shows that domestic inflation has a small but adverse effect on mining productivity growth, thus providing some empirical … stochastic translog cost frontier to generate improved estimates of total factor productivity (TFP) growth. The results indicate …